This method appears by default when we click Purchase Vouchers
We use this method when we are doing Accounts with Inventory (i.e maintaining Item Details)
STEPS to pass Purchase Entries by Invoice Method
- We first Select or Create Party
- Select Purchase Ledger
- Put item details
- Select Item or Create by using Alt C
- Put item Name
- Select Unit or Create by using Alt C
- (If units in decimals, then decimal places are also put as 2
- Enter Enter or Ctrl A and Item is Created
- Put Quantity and Rate
- Amount is automatically calculated
Example 1
Simple Purchase Bill
|
JAY AND CO Inv No 342 DT 1 JUL |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 10000 | Kg | 5 | 50000 |
| TOTAL | 50000 | |||
Pass Entry
View answer
Purchase Entry will be
1 JUL
Purchase A/c Dr 50000
To Jay and Co 50000
Modify Entry assuming Accounts with Inventory maintanied
Purchase A/c Dr 50000
Item A 10000 kg 5 50000
To Jay and Co 50000
Example 2
Simple Purchase Bill 2 items
|
JAY AND CO INV NO 355 DT 1 AUG |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 10000 | Kg | 5 | 50000 |
| ITEM B | 20000 | pcs | 4 | 80000 |
| TOTAL | 130000 | |||
Pass Entry
View answer
Purchase Entry will be
Purchase A/c Dr 130000
Item A 10000kg 5 50000
Item B 20000pcs 4 80000
To Jay and Co 130000
Example 3
PURCHASE BILL WITH GST
|
VK ENTERPRISES Inv No SEP/24 Dt 1 Sep |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 15000 | Kg | 6 | 90000 |
| ITEM B | 5000 | pcs | 6 | 30000 |
| TOTAL | 120000 | |||
| ADD | ||||
| CGST 2.5% | 3000 | |||
| SGST 2.5% | 3000 | |||
| TOTAL | 126000 | |||
Pass Entry
View answer
Without Inventory entry will be
Purchase 5% Local 120000
Input CGST 2.5% 3000
Input SGST 2.5% 3000
To VK Enterprises 126000
With Inventory Details,Purchase Entry will be
Purchase 5% Local 120000
Item A 15000 kg 6 90000
Item B 5000 pcs 6 30000
Input CGST 2.5% 3000
Input SGST 2.5% 3000
To VK Enterprises 126000
Example 4
PURCHASE BILL WITH IGST (INTERSTATE PURCHASE)
|
VIJAY TRADING CO Inv No VT-001 DT 1 OCT |
||||
| PURCHASE | QTY | Units | RATE | AMT |
| ITEM A | 5000 | Kg | 20 | 100000 |
| TOTAL | 100000 | |||
| ADD | ||||
| IGST 5% | 5000 | |||
| TOTAL | 105000 | |||
Pass Entry
View answer
Purchase 5% Interstate 100000
Input IGST 5% 5000
To Vijay Trading Co 105000
Modify Entry passed assuming Accounts with Inventory
Purchase 5% Interstate 100000
Item A 5000 kg 20 100000
Input IGST 5% 5000
To Vijay Trading Co 105000
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